Litecoin LTC/USD is trading at 84.36. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 82.00 level, from which it is expected to rebound and try to grow LTC/USD with a target above 95.00
Litecoin forecast & analysis LTC/USD July 9, 2018
An additional signal in favor of the growth of the Litecoin cryptocurrency will be a support level test, as well as a lower channel test. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at 83.00.
The abolition of the Litecoin crypto currency growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below the 80.00 area, indicating a change in the flat trend in favor of the bearish trend and the continued fall in the cryptocurrency. To expect confirmation of the growth of LTC/USD quotations and the resumption of the bullish trend is worth with the breakdown of the upper boundary of the descending channel and the closing above the level of 87.00.
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